The Great Collapse in Value Added Trade

Nagengast, Arne J.; Stehrer, Robert

doi:10.2139/ssrn.2797071

Cited by 6 publications

(4 citation statements)

References 34 publications

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“…While there exists some empirical evidence underpinning this perception (e.g. Anderton & Tewolde, 2011; Nagengast & Stehrer, 2016), it is far from being generally accepted, and likewise challenged (e.g. Bems et al., 2011; Bénassy‐Quéré et al., 2009).…”

Section: Related Literaturementioning

confidence: 99%

Cling together, swing together: The contagious effects of COVID‐19 on developing countries through global value chains

et al. 2021

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This paper aims at estimating the economic vulnerability of developing countries to disruptions in global value chains (GVCs) due to the COVID‐19 pandemic. It uses trade in value‐added data for a sample of 12 developing countries in sub‐Saharan Africa, Asia and Latin America to assess their dependence on demand and supply from the three main hubs China, Europe and North America. Using first estimates on COVID‐19‐induced changes in final demand and production, we obtain an early projection of the GDP effect during the lockdowns that runs through trade in GVCs. Our estimates reveal that adverse demand‐side effects reduce GDP up to 5.4 per cent, and that collapsing foreign supply puts an even larger share of countries' GDP at risk. Overall, we confirm conjecture that the countries most affected are those highly integrated in GVCs (South‐East Asian countries). We argue, however, that these countries also benefit from a well‐diversified portfolio of foreign suppliers and demand destinations, possibly leading to a cushioning of economic downswing because COVID‐19 stroke major hubs at different times.

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Section: Related Literaturementioning

confidence: 99%

Cling together, swing together: The contagious effects of COVID‐19 on developing countries through global value chains

et al. 2021

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“…In their analysis concerning Australia, Kelly -La Cava (2013) also conclude that value-added trade shows a more precise picture of the Australian trade. Furthermore, Nagengast -Stehrer (2015) showed that there was a difference between gross trade and value-added trade in services and manufacturing industries during the great trade collapse after the 2007/8 global crisis. Johnson -Noguera (2012b) analysed the value-added trade in global terms over 40 years.…”

Section: Introductionmentioning

confidence: 99%

Chemical industry and value-added trade – A comparative study on Hungary and Poland

Folfas

Udvari

2019

Acta Oeconomica

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Nowadays, global production networks (GPN) and global value chains (GVC) play an important role in the world economy intensifying the trade and production networks and resulting in products having value-added in different countries. The analysis of how many intermediate products a country imports in order to produce a product and of how many products a country exports to another country in order to produce new products draws the attention to value-added trade. In the present study, we compare the Hungarian and Polish value-added trade of chemicals and chemical products. We use the OECD-WTO data of value-added trade, which is based on an input-output table. By calculating numerous indices, we reveal that the domestic value-added of chemicals and chemical products in the two countries was relatively low and should be increased by adequate economic policy.

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“…2 7 The slowdown in forward GVC deepening is consistent withTimmer, Los, Stehrer, and de Vries (2016), who rely on the same data. On the manifestation of the "so-called" trade collapse from 2008 on value added trade seeBems, Johnson, and Yi (2011) andNagengast and Stehrer (2016).…”

mentioning

confidence: 99%

Are Your Labor Shares Set in Beijing? The View Through the Lens of Global Value Chains

Reshef,

Santoni

2022

SSRN Journal

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The Great Collapse in Value Added Trade

Cited by 6 publications

References 34 publications

Cling together, swing together: The contagious effects of COVID‐19 on developing countries through global value chains

Cling together, swing together: The contagious effects of COVID‐19 on developing countries through global value chains

Chemical industry and value-added trade – A comparative study on Hungary and Poland

Are Your Labor Shares Set in Beijing? The View Through the Lens of Global Value Chains

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